It’s been years since I’ve had a policy with Nationwide Insurance, but in the past week I’ve gotten two emails from them about SB 154/HB 265. What are they so worked up about? At Nationwide, our members come first. That is why last week we wrote about legislation in the North Carolina General Assembly that [...]
Economics Archives
McCrory’s “Economic Development” Plan Avoids the Toughest Questions
Gov. McCrory’s announcement yesterday to shift the state’s economic development functions to a “private” nonprofit leaves many questions to be answered. How would this impact the level of transparency of the state’s corporate welfare deals (which has so far been very poor)? What would this mean to the seven regional economic development “partnership” organizations (along [...]
Arthur Laffer on How Income Taxes Hurt People
To understand how income taxes hurt people, check out our exclusive interview with Dr. Arthur Laffer from earlier this year. Liberals like to say lowering income taxes is a way of hurting poor people. Laffer helps explain why the opposite is true. The rich like income taxes, he says: They keep ordinary people from accumulating [...]
Economist: NC to add 90,000 Jobs in 2013
NC State University Economist Michael Walden spoke to the Chapel Hill-Carrboro Chamber of Commerce Wednesday about the State’s economic outlook. According to Dr. Walden, “We’re going to see a better economy this year,” and North Carolina will likely add 90,000 jobs in 2013. That’s great news for struggling North Carolinians who have suffered under one of the nation’s [...]
“Benefit Corporations”: Who Really Benefits?
This week’s Bad Bill of the Week is another repeat offender. SB 99 would create a state law recognizing “Benefit Corporations.” What are Benefit Corporations? According to the bill, “a benefit corporation shall have as one of its corporate purposes the creation of a general public benefit.” The legislation defines “general public benefit” as: “A [...]
